Great West Life Assurance Co. Can continued to hold its stake in Heartland Express Inc. (NASDAQ:HTLD) during the second quarter, Holdings Channel reports. The firm owned 5,764 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in Heartland Express were worth $107,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in Heartland Express by 139.2% in the first quarter. Royal Bank of Canada now owns 63,768 shares of the company’s stock worth $1,183,000 after buying an additional 37,111 shares in the last quarter. Barclays PLC bought a new stake in Heartland Express during the first quarter worth about $354,000. Magnetar Financial LLC bought a new stake in Heartland Express during the first quarter worth about $230,000. Envestnet Asset Management Inc. increased its stake in Heartland Express by 19.1% in the first quarter. Envestnet Asset Management Inc. now owns 40,180 shares of the company’s stock worth $745,000 after buying an additional 6,445 shares in the last quarter. Finally, Invictus RG bought a new stake in Heartland Express during the first quarter worth about $116,000. 61.06% of the stock is currently owned by institutional investors and hedge funds.
Shares of Heartland Express Inc. (NASDAQ:HTLD) traded up 0.64% during midday trading on Friday, hitting $18.99. The company had a trading volume of 214,228 shares. Heartland Express Inc. has a 12-month low of $15.36 and a 12-month high of $21.95. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 25.70 and a beta of 0.37. The company’s 50-day moving average price is $19.12 and its 200 day moving average price is $18.33.
Heartland Express (NASDAQ:HTLD) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.20 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. Heartland Express had a net margin of 9.24% and a return on equity of 13.14%. The business had revenue of $160.80 million for the quarter, compared to analysts’ expectations of $167.94 million. During the same quarter last year, the firm earned $0.27 EPS. The firm’s revenue for the quarter was down 16.1% compared to the same quarter last year. Equities research analysts predict that Heartland Express Inc. will post $0.71 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 23rd will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, September 21st. This represents a $0.08 annualized dividend and a dividend yield of 0.42%. Heartland Express’s dividend payout ratio is currently 10.81%.
A number of research firms recently issued reports on HTLD. CL King reaffirmed a “neutral” rating on shares of Heartland Express in a research report on Thursday, August 25th. Wedbush reaffirmed a “neutral” rating and issued a $12.00 target price (down previously from $17.00) on shares of Heartland Express in a research report on Thursday, August 25th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Heartland Express in a research report on Thursday, August 25th. Nomura reaffirmed a “buy” rating and issued a $14.00 target price (down previously from $17.00) on shares of Heartland Express in a research report on Friday, August 26th. Finally, FBR & Co reissued a “market perform” rating and set a $13.00 price target (down previously from $18.00) on shares of Heartland Express in a research report on Friday, August 26th. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.00.
In other Heartland Express news, EVP John P. Cosaert sold 4,000 shares of Heartland Express stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $19.85, for a total transaction of $79,400.00. Following the transaction, the executive vice president now owns 64,814 shares of the company’s stock, valued at approximately $1,286,557.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 45.30% of the company’s stock.
Heartland Express Company Profile
Heartland Express, Inc (Heartland) is a holding company. The Company owns all of the stock of Heartland Express Inc of Iowa, Gordon Trucking, Inc, Heartland Express Services, Inc, Heartland Express Maintenance Services, Inc and A & M Express, Inc It provides transportation services to shippers spanning from Washington to Florida and New England to California, as well as parts of Canada.
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